118 E Genesee StreetSyracuse, NY 13202

Description

Originally constructed as the Bank of Syracuse, this remarkable property offers a rare combination of history, architecture, downtown living and income potential. Designed by Albert L. Brockway and described as Syracuse’s first steel-frame structure, its Beaux-Arts marble facade, monumental arched openings and dramatic interior scale reflect a level of craftsmanship and character that is difficult to replicate today. Located in historic Hanover Square, the building offers a unique mix of commercial, live/work and residential space. The ground level is home to the award-winning Eden, a distinctive wood-fire restaurant featuring an extensive custom buildout completed approximately seven years ago. Above it, the first level features a flexible live/work loft renovated approximately one year ago. Movable partition walls allow the space to be reconfigured, giving an owner the ability to change the room layout and adapt the space for different live/work needs. The second level is an extraordinary residential loft with soaring ceilings, dramatic proportions and architecture rooted in the original banking hall. This level was gutted and converted to residential use approximately 15-20 years ago, with substantial modernization of the building’s utilities completed as part of that conversion. The former bank and its transformation into residential space were also featured by The New York Times. An owner could choose to live within the property while receiving income from other portions of the building, invest in the property as a whole, or explore a combination of uses. Prospective buyers are encouraged to confirm their intended use with the appropriate municipality. Beyond the financial possibilities, this is a true statement property - recognizable, impressive and genuinely difficult to duplicate. It offers the opportunity to own a significant piece of Syracuse history while enjoying a setting, lifestyle and sense of presence few properties can offer.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1893

Stories

3

Living area

8,320 Sq Ft

Lot size

0.05 acres

Lot dimensions

26X80

Zoning

MX-5

Days on market

41

MLS^® Listing#

S1715137

Property Features

Cooling

Heat Pump · Zoned · Central Air

Heating

Heat Pump · Natural Gas · Electric · Zoned · Forced Air · Hot Water

Basement

Full

Lot features

Rectangular Lot

Roof

Flat · Rolled/Hot Mop

Utilities

Electricity Connected · Water Connected

Water source

Public

Financial Details

Annual taxes

$19,406

Assessed value

$406,000

Parcel number

311500-104-000-0024-001-000-0000